The Manhattan fancy real estate market is popping like champagne corks: 63 contracts were signed last week for homes $4 million and above, for a total sales volume of $541 million, according to the Olshan Luxury Sales Report.
The number of high-end contracts was the highest since 2007, when the sales report first launched. Of the 63 contracts, 54 were for condos, mostly from just two new developments, 150 Charles by Witkoff Group in West Village and 56 Leonard by Alexico Group and Hines Development in Tribeca.
The developments are design opposites, like the architectural equivalent of a buddy-cop comedy: 150 Charles Street is a regal 15-story, 91-unit menagerie of brick, glass and 33,000 square feet of landscaping by Cook + Fox Architects. 56 Leonard, designed by Herzog & de Meuron, is a boldly cantilevered 60-story, 145-unit project that’s almost more sculpture than building. And together, they fight crime— er, represented 45 luxury contracts from last week.
Of the contracts at $4 million-plus, 150 Charles averaged asking prices of $3,438 per square foot, while 56 Leonard averaged $2,816 per square foot.
Renderings of 150 Charles below: